Asia Credit
Reserve Bank of India signals further rate cuts as inflation eases and growth outlook weakens
With inflation in India expected to remain close to target during the current fiscal year, the Reserve Bank of India has room for further monetary easing, members of the Monetary Policy Committee said in the minutes of the April policy meeting.
IMF: Global debt to exceed pandemic levels soon
Global public debt is set to rise to 95% of GDP this year and will continue to climb in the next years to top 100%, says the IMF.
Bank of Korea expected to lower rates in April despite currency slide
South Korea's central bank is leaning towards reducing interest rates this April, even as the national currency hits its weakest point since 2009.
Oil falls 3.75% amid global trade war recession fears
Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand.
PANNIER: China’s big push into Uzbekistan
Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.
Singapore’s lender OCBC warns of slower loan growth in 2025 after missing profit estimates
Oversea-Chinese Banking Corp, Singapore’s second-largest lender, has forecast a slowdown in loan growth for 2025 following a weaker-than-expected rise in fourth-quarter earnings.